Legal Business Glossary

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Bank Deposits

Money placed into a deposit account (such as savings, checking, and money market accounts) at a banking or financial institution.


The legal profession as an institution. The “bar" comes from the bar or railing which separates the general spectator area of the courtroom from the area reserved for judges, attorneys, parties, and court officials.

Bar Association

A professional group of attorneys, whether local, national, or international, established to promote professional competence, enforce standards of ethical conduct, and encourage a spirit of public service.


A management technique that looks to identify best practices in other organizations within the industry before adopting them in one’s own.


A formal, written declaration requesting payment for a specific action.

Bill Template

Document generated serving as prior authorization, contract, and payment mechanism for services.

Billable Events

Any event that occurs during a scheduled billing period that may result in the inclusion of that event on a bill.

Billing Codes

A defined identifier used by a particular software to identify each case for the purposes of billing.


An estimate of costs, revenues, and resources over a specified period, reflecting a reading of future financial conditions and goals.